Chicago's Next Really Bad Idea: A Guaranteed Basic Income

For me, this is the core of the matter: "In each text, the work disincentive effect was disastrous. For every $1,000 in added benefits to a family, there was an average reduction in $660 of wages from work." So people who got checks stopped working or worked far less. What a surprise. That's the socialist dynamic: Pay people to do nothing, and they'll do nothing. This doesn't require a Ph.D. in economics. It's simple common sense."